Implications of Quasi-Fiscal Activities in Ghana

 
Author/Editor: Chivakul, Mali ; York, Robert C.
 
Publication Date: January 01, 2006
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: This paper assesses the scope and coverage of quasi-fiscal activities (QFAs) in Ghana. We find that while QFAs have been reduced recently, they remain significant. The extensive nature of these activities has several macroeconomic and structural policy implications. An extended measure of public sector operations, including QFAs, presents a clearer picture of Ghana's fiscal stance and fiscal adjustment from one for the central government alone; QFAs have led to serious distortions in energy and water consumption; and they have distorted the investment decisions of both public enterprises and the private sector.
 
Series: Working Paper No. 06/24
Subject(s): Fiscal policy | Ghana | Fiscal management | Fiscal reforms | Energy | Public sector | Private sector

Author's Keyword(s): Ghana | quasi-fiscal activities
 
English
Publication Date: January 01, 2006
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2006024 Pages: 47
Price:
US$15.00 (Academic Rate:
US$15.00 )
 
 
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